Fast-growing home decor chain raises earnings, sales outlook
At Home expects to end its fiscal year on a high note.
The home decor retailer on Monday increased its fourth-quarter earnings and sales outlook. For the quarter, ending Jan. 25, the company expects its net sales to land on the high end of its $385.0 million to $393.0 million estimation. The company also raised its earnings outlook to $0.33 to $0.36 from prior guidance of $0.31 to $0.36. Analysts are expecting $0.33, according to Marketwatch.
For the year, At Home expects same-store sales to hit the high end of its previously provided outlook of $1.35 billion to $1.36 billion. The company also increased its earnings for the year to $0.53 to $0.56 from its prior estimate of $0.51 to $0.56.
“We are pleased with the improved performance of our business and remain on track to exit the fiscal year with a healthy inventory position and significant improvement in annual free cash flow,” said Lee Bird, chairman and CEO, At Home.